SUPERB GOOD RESULT. Tomorrow if no limit up, any price also can buy. This type of good counter is getting lesser and lesser. You buy and keep, after 1 year you see it already become RM2.00++
This stock worth watching, reason being if want to manipulate quite easy to do so. In addition, got a bit of FA backing just that I don't like to see the huge amount of borrowings they have, though operating cash flow is a positive.
Sushi King is consumer products not cycle product. It doesn't effect by seasoning factor. Should be performing good in coming few quarter. Share price still at lower area.....
My strategy is everytime it drop from high by 5%, I will buy 10 big lot. If it remain at the same price level for more than 1 week, I will buy again. Fund allocated for this counter is RM150k as long as the price still below RM1.00. Once it above RM1.00, I will not top up anymore. Then fund will be move to another undervalue growth stock.
Example:-
If it go up to RM0,75, then it drop 5%, around RM0.715, then I will buy. If drop to RM0.68, I will buy again, then RM0.65. If it stop dropping, maintain at RM0.65 for more than 1 week, I will buy again. if it move up to RM0.715 and maintain there 1 week, I will add more also. This action will be repeat until the share price reach RM1.00.
What happen if the price continue drop? All the way from RM0.75 to RM0.30? For me, if the fundamental or growing of the company does not have significant change, I will continue stick with it.
My target is to accumulate, I am not looking for short term rebound or profit taking, I am aim for long term, until the price reflect its true value.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DreamKeeper
1,243 posts
Posted by DreamKeeper > 2021-02-17 02:13 |
Post removed.Why?